Star Gold Closes on $1.1 Million Private Placement
10 Octubre 2013 - 8:00AM
Marketwired
Star Gold Closes on $1.1 Million Private Placement
COEUR D'ALENE, ID--(Marketwired - Oct 10, 2013) - Star Gold
Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announced that
it has completed its private placement of common stock and warrants
for a total of $1,100,800 in gross proceeds. The private placement
involved a sale of common stock at $0.25 per share, along with a
twelve (12) month warrant to purchase 1 additional share, at an
exercise price of $0.50 per share, for every two (2) shares
purchased in the private placement.
Star Gold intends to use the proceeds of the private placement
to continue to advance the Longstreet project and for general
corporate purposes. "This financing allows Star Gold to update
its Technical Reports and start to place some economic parameters
around the project," said David Segelov, CEO of Star Gold
Corp. "Further, it will enable Star Gold to commence work on
preliminary environmental studies that will be required and to also
further drill on the eastern section of Main Zone."
About Star Gold Corp. Star Gold is a gold
exploration/development company with 115 unpatented claims and
located within the historically prolific Walker Lane belt. The
Company is currently focused on developing its flagship property,
Longstreet Gold Project. The Longstreet Gold Project is
located in Nye County, Nevada.
Disclaimer
Certain statements in this press release that are not
historical facts are "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Such statements may be identified by the use of words such as
"anticipate," "believe," "expect," "future," "may," "will,"
"would," "should," "plan," "projected," "intend," and similar
expressions. Such forward-looking statements, involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of Star Gold Corp (the
Company) to be materially different from those expressed or implied
by such forward-looking statements. The Company's future operating
results are dependent upon many factors, including but not limited
to the Company's ability to: (i) obtain sufficient capital or a
strategic business arrangement to fund its expansion plans; (ii)
build the management and human resources and infrastructure
necessary to support the growth of its business; (iii) competitive
factors and developments beyond the Company's control; and (iv)
other risk factors discussed in the Company's periodic filings with
the Securities and Exchange Commission, which are available for
review at www.sec.gov under "Search for Company Filings.
Investor Contact: David Segelov Office: 208-664-5066 Cell:
646-626-3356 dsegelov@stargoldcorp.com info@stargoldcorp.com
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